Electro Rent (Nasdaq: ELRC) reported earnings on April 4. Here are the numbers you need to know.

The 10-second takeaway
 For the quarter ended Feb. 29 (Q3), Electro Rent whiffed on revenues and missed estimates on earnings per share.

Compared to the prior-year quarter, revenue increased slightly and GAAP earnings per share was unchanged.

Gross margins expanded, operating margins dropped, net margins shrank.

Revenue details
 Electro Rent booked revenue of $60.1 million. The one analyst polled by S&P Capital IQ expected to see sales of $67.4 million on the same basis. GAAP reported sales were 1.1% higher than the prior-year quarter's $59.5 million.

Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.

EPS details
 EPS came in at $0.21. The one earnings estimate compiled by S&P Capital IQ anticipated $0.27 per share. GAAP EPS of $0.21 were the same as the prior-year quarter.

Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.

Margin details
 For the quarter, gross margin was 39.2%, 130 basis points better than the prior-year quarter. Operating margin was 13.1%, 90 basis points worse than the prior-year quarter. Net margin was 8.3%, 20 basis points worse than the prior-year quarter.

Looking ahead
 On the bottom line, the average EPS estimate is $0.24.

Next year's average estimate for revenue is $242.1 million. The average EPS estimate is $0.91.

Investor sentiment
 The stock has a two-star rating (out of five) at Motley Fool CAPS, with 20 members out of 40 rating the stock outperform, and 20 members rating it underperform. Among 17 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), five give Electro Rent a green thumbs-up, and 12 give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Electro Rent is buy, with an average price target of $24.00.

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